Mortgage News
Oct 29, 2013
What will interest rates do tomorrow? Mortgage experts predict fairly stable rates tomorrow, according to our live poll. Today’s release of economic data was not significant enough to drive the bond market in either direction. However, the market remains volatile this week as investors sit tight for tomorrow’s FOMC policy statement. Investor’s speculation is inevitable, but eco...
Oct 28, 2013
What will interest rates do tomorrow? Mortgage experts predict lower to stable rates tomorrow, according to our live poll. Today the market finished flat with very little movement. Tomorrows economic data may invite fluctuation in interest rates due to speculation of the Feds reaction to these anticipated reports. However, industry experts believe tapering is not likely until 2014 when the econo...
Oct 24, 2013
What will interest rates do tomorrow? Market rates are predicted to remain fairly stable, according to mortgage professionals voting our live poll. Market rates dropped to 4 month lows yesterday in response to weak data provided by the Non-Farm Payroll and the Jobless Claims Reports. Until further notice, bad news is good news for mortgage rates as it hinders the Fed from tapering off MBS invest...
Oct 23, 2013
What will interest rates do tomorrow? Mortgage professionals believe market rates will decrease slightly, remaining moderately stable, according to our live poll. The market improved yesterday due to weak Non-Farm Payroll data and there is no reports to be released today. Our economic instability will continue to prevent tapering off mortgage-backed securities. Interest rates are expected to rem...
Oct 22, 2013
What will interest rates do tomorrow? Mortgage rates are likely to decrease, according to mortgage pros voting on our live poll. The Employment Situation Report illustrated weaker than expected job creation, indicating economic instability for September. The hesitation to hire is the result of uncertainty influenced by the shutdown. As we’ve discussed, weak data implies the Feds will conti...
Oct 21, 2013
Will interest rates go up tomorrow? Mortgage professionals believe mortgage rates will rise tomorrow, according to our live poll. All sights are set on tomorrow’s Employment Situation Report, which has been absent since the shutdown began. This vital piece of data will reflect our current economic stability and will act as a catalyst for market movement. However, economist now believe the ...
Oct 18, 2013
Will interest rates go up tomorrow? Mortgage professionals believe rates will rise slightly, remaining fairly stable on Monday, according to our live poll. Tuesday will present investors with the Employment Situation Report, until then movement should resist significant change. The 10-year bond has shown no movement from yesterday, holding steady at 2.589, matched today's stale market movement. ...
Oct 17, 2013
Will interest rates go up tomorrow? Market rates are likely to decrease tomorrow as they have done today. Washington will reopen the government and the debt ceiling has been temporarily increased. Compromise on next year’s fiscal budget must be final by January to avoid another Federal gridlock. The shutdown had adverse effects on the stock, bond and housing markets. Speculation of Federal tapering will subside as experts predict the Fed...
Oct 16, 2013
What will interest rates do tomorrow? Mortgage professionals predict a slight increase in market rates, according to our live poll. The word in Washington is that the government has reached a compromise on the temporary debt ceiling increase. The government shutdown will end and the 16.7 trillion fiscal budget will extend to February, demanding compromise on a new budget by January. Expect a dra...
Oct 15, 2013
What will interest rates do tomorrow? Mortgage professionals predict stability in market rates tomorrow, according to our live poll. Today however, interest rates peaked as fear of the US default and subsequent repercussions are near. Investors accross the globe are beginning to lose faith in the stability of our US economy. The mortgage market will remain volatile and interest rates will be dri...
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